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more of their money to the federal government, without raising tax rates, which we believe will harm our economy. >> treasury secretary tim geithner also weighed in yesterday saying the president is willing to allow the nation to go over the cliff if republicans don't agree to raise taxes on the wealthy. >>> we are learning new details about colorado's shooting suspect james holmes now that thousand of e-mails in the case have been reap leased. messages indicate holmes may have had a brief romantic relationship in the days before the tragedy. we have learned that in early june, holmes began specifically talking and fantasizing about killing a lot of people. his psychiatrist was so worried that she broke confidentiality and then contacted campus police. >>> here in new york, a suspect has been charged with murder for shoving a man to his death on the subway tracks. police say, 30-year-old, naim davis admitted to pushing the victim after the two argued on the platform. the judge denied davis bail. he admitted to police he stayed on the platform watching the man get struck by
for things she has done, drug-, alcohol-related. now the irs is going after back taxes. she owes money for 2009 and 2010. they have seized her bank accounts. she reportedly owes $233,000 in unpaid federal taxes. she's falling behind for 2011 as well. you remember charlie sheen gave her 100 grand to try to get her back on track. >> more than that? >> yeah. she's going to need a little more than that. but she's reportedly downing two bottles of vodka a day because of stress of her summer car crash and krecent bar brawl las week. charged with misdemeanor assault. >> she is reportedly refusing to to enter rehab. according to tmz. i feel badly for her. >> hope we are not watching an amy winehouse. in the making, that's my fear with lindsay. she is going to need the money. has enough lawyer fees. i don't understand how wealthy get back on their taxes anyway. wish her luck. >> she is said to earn more than $2 million end of this year. which she probably already owes. >> weird. >>> all right. speaking of weird, mike tyson in the news. he came out and said he was high on cocaine during the film
republicans agree to raise tax rates on the wealthy. >>> meantime in georgia, some activists expressed frustration about the stalemate in holiday spirit. they delivered symbolic lumps of kill to the offices of both of their state's u.s. senators. security guard met them, at chambliss' office. a few were let inside without the camera and media present. of course. that would have been the real story. >> folks are upset now. see what happens january 1 after you get the first paycheck and go, oh, this is what the fiscal cliff meant. yeah. 2013. the next story involves a new grassroots campaign that is starting. meant to draw attention to the nation's debt crisis. it is our "favorite story of the day." the campaign is called -- "the can kicks back." aimed at young people and features former republican senator allen simpson, a rather spry allen simpson at that. >> stop instagraming your breakfast and tweeting your problems and getting on youtube so you can see gangnam style. >> gangnam style! >> ha-ha. >> shake what your mama gave you, allen. >> mercy me. mercy me. loving this. >> 81-year-ol
on seniors. the government is warning reverse mortgages are not free money. >> turn equity into tax free cash. >> give you tax free cash. >> they're not being told. about the downside. >> reporter: right now in america, 57 seniors in reverse mortgages are in danger of losing their homes. nearly 10% foreclosure rate, 4 times higher than traditional mortgages. the department of housing and urban development will recommend congress prohibit large lump sum payments and recommend seniors be careful with reverse mortgages. is the reverse mortgage the last option? >> i really think it should be, absolutely. >> reporter: an option. >> it is a wonderful house. >> reporter: linda mcmahon regrets taking. >> i hope somebody enjoys it. >> reporter: jim avila, abc news, washington. >> you have to feel for her, too. here's the problem in a nutshell. unlike traditional mortgage. make your payments. equity. a reverse mortgage pays out equity in your home as cash. increases your debt and decreases your equity. that's the problem in a nutshell. that's how the woman got into the situation she did. it sounds good
take money out of almost everybody's pockets, in the form of higher taxes, there is more wrangling ahead today in washington. but are the two sides any closer to agreeing on something? >> that's right. more high level meetings today. treasury secretary tim geithner, kind of obama's negotiator man at the table. see if they can make any headway. >>> art, later this half hour, she's 50, he's 26. demi moore has a new younger man in her life. who she is dating now coming up "the skinny." interesting choice. seeing how the last relationship turned out. >> all you need to know his last name is schnabel. >> not making that up. we are not making that up. >> no. >>> but first, we begin with breaking news, powerball officials are making it official this morning. two jackpot tickets sold for last night's lottery, one in missouri and one in arizona. >> missouri and arizona. congratulations. get this. by the time of the drawing the jackpot was worth $580 million. so we should mention the winning numbers right now, here they are, 5, 16, 22, 23, 29, and the powerball, my personal favorite number,
medicare cuts and no more limit on how much the government can borrow. and then there's the tax hike on higher-earning americans. republicans aren't buying it. >> there is just no reason why 98% of americans have to see their taxes go up because some members of congress on the republican side want to block the tax rate increases for 2% of the wealthiest americans. >> i'm just flabbergasted. i looked at him and said, you can't be serious. i just have never seen anything like it. >> if they cannot reach a deal by new year's day, nearly every american will end up paying more in taxes. >>> public school students in five states will soon spend a lot more time in the classroom. a new three-year pilot program will be announced today in colorado, connecticut, massachusetts, new york, and tennessee. 20,000 students at those select schools will spend an extra 300 hours per term in class starting next year. it will be up to local districts to decide if school days or school years should be extenzed. >>> very interesting approach there. >>> and a church in boston could soon be seeing a huge infl
on >>> this morning on "world news now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscliff >>> this morning on "world news now" -- fiscal fiasco. the fight over taxes and political power in washington as the fiscal cliff looms and fears of a recession close in. >> the latest negotiations and nasty exchanges in a battle over everyone's money. it is wednesday, december 5th. >> announcer: from abc new, this is "world news now." >>> good hump day, everybody. wednesday morning. i'm rob nelson. >> and i'm paula faris. >>> we're going to update you on the big fiscal fight in our top story from washington. and from one capital to another, the political uproar in egypt. how cairo police are taking action as thousand of protesters hit streets in outrage. an all-too-familiar scene. >> most protesters say it seems like they traded one dictator for another. >> for another. >>> hard to believe it is. they're part of a growing group of so-called preppers getting ready, as you can see, for the very, very worst. normal everyday folks getting ready for the end of time. >> com
will see their taxes automatically go up at the beginning of next year. >> i will violate the pledge, long story short, for the good of the country. >> i'm not obligated on the pledge. >> the world has changed, and the economic situation is different. >> susan rice is extraordinary. i couldn't be prouder of the job that she has done. >> the concerns i have are greater today than they were before. >> by all accounts she is talented, capable, and extremely abrasive. >> we have a new -- a new -- [ indiscernible ] >> reporter: the crowd is chanting the same chants we heard two years ago during the revolution. >>> the industry apparel brand in the u.s. have been warned again and again about the extreme dangers to apparel workers in bangladesh and yet they have not taken action. >> i was blown away that at the heart of this hunt was this young woman who had a kind of tenacity and dedication and a courage. she would never say no. >>> i'm on "two and a half men." i don't want to be on it. please stop watching it. please stop filling your head with filth. >>> the winners and champions of "dancing w
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